Pallas Capital Advisors LLC Lowers Holdings in Arista Networks, Inc. $ANET

Pallas Capital Advisors LLC cut its position in Arista Networks, Inc. (NYSE:ANET - Free Report) by 9.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,023 shares of the technology company's stock after selling 3,855 shares during the quarter. Pallas Capital Advisors LLC's holdings in Arista Networks were worth $3,583,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of ANET. Vanguard Group Inc. raised its position in shares of Arista Networks by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 97,856,933 shares of the technology company's stock valued at $7,581,955,000 after buying an additional 1,771,982 shares in the last quarter. Alliancebernstein L.P. grew its holdings in shares of Arista Networks by 9.0% during the 1st quarter. Alliancebernstein L.P. now owns 22,959,214 shares of the technology company's stock valued at $1,778,880,000 after purchasing an additional 1,889,198 shares during the last quarter. Nuveen LLC bought a new stake in Arista Networks in the 1st quarter worth $933,626,000. Northern Trust Corp grew its holdings in Arista Networks by 3.7% in the 1st quarter. Northern Trust Corp now owns 10,315,493 shares of the technology company's stock worth $799,244,000 after acquiring an additional 372,677 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in Arista Networks by 37.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,552,484 shares of the technology company's stock worth $740,126,000 after acquiring an additional 2,594,184 shares during the last quarter. 82.47% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. The Goldman Sachs Group raised their target price on shares of Arista Networks from $155.00 to $175.00 and gave the stock a "buy" rating in a research report on Friday, September 12th. Rosenblatt Securities lifted their price target on shares of Arista Networks from $125.00 to $140.00 and gave the company a "neutral" rating in a research report on Friday, September 12th. BNP Paribas Exane cut shares of Arista Networks from an "outperform" rating to a "neutral" rating and set a $106.00 price target for the company. in a research report on Wednesday, June 11th. JPMorgan Chase & Co. lifted their target price on shares of Arista Networks from $150.00 to $175.00 and gave the stock an "overweight" rating in a report on Friday, September 12th. Finally, Needham & Company LLC lifted their target price on shares of Arista Networks from $155.00 to $160.00 and gave the stock a "buy" rating in a report on Tuesday. Sixteen analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $157.88.

Arista Networks Stock Down 2.2%

Shares of ANET stock opened at $142.24 on Wednesday. The company has a 50 day moving average price of $128.50 and a 200-day moving average price of $100.92. Arista Networks, Inc. has a 52 week low of $59.43 and a 52 week high of $156.32. The firm has a market capitalization of $178.78 billion, a PE ratio of 55.94, a P/E/G ratio of 3.03 and a beta of 1.50.

Arista Networks (NYSE:ANET - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The technology company reported $0.73 earnings per share for the quarter, topping analysts' consensus estimates of $0.65 by $0.08. The business had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.11 billion. Arista Networks had a net margin of 40.90% and a return on equity of 31.05%. The company's revenue was up 30.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.53 earnings per share. Arista Networks has set its Q3 2025 guidance at EPS. Analysts anticipate that Arista Networks, Inc. will post 2.2 earnings per share for the current year.

Insider Activity at Arista Networks

In other news, CEO Jayshree Ullal sold 1,785,165 shares of the business's stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $136.22, for a total value of $243,175,176.30. Following the transaction, the chief executive officer owned 5,698,074 shares of the company's stock, valued at approximately $776,191,640.28. The trade was a 23.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold a total of 7,526,614 shares of company stock valued at $975,547,217 over the last quarter. 3.54% of the stock is currently owned by insiders.

About Arista Networks

Arista Networks, Inc engages in the development, marketing, and sale of data-driven, client to cloud networking solutions for data center, campus, and routing environments in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. Its cloud networking solutions consist of Extensible Operating System (EOS), a publish-subscribe state-sharing networking operating system offered in combination with a set of network applications.

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